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Gulf Oil Companies Redefine Their Role in a Volatile Region

OilPrice

The 1973 Arab oil embargo remains the most prominent example of hydrocarbons being wielded as geopolitical leverage. Instead, they have matured into commercial and strategic instruments aligned with national agendas focused on long-term stability, economic diversification, and global market integration.

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Fossil Fuels Still Dominate Despite Renewable Growth

OilPrice

The Statistical Review is instrumental in providing comprehensive data on global oil, gas, and coal production and consumption, as well as on carbon dioxide emissions and renewable energy statistics. The full report and all data can be found at this link. Over the next month, I will delve into the various categories from the report.

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Nigeria’s GEIL exports first crude from new onshore terminal

Oil & Gas 360º

(World Oil) – Nigerian energy company Green Energy International (GEIL) has completed the development of the Otakikpo onshore terminal, situated in OML 11 near Port Harcourt. The facility will play an instrumental part in supporting the country’s crude production goals,” states NJ Ayuk, Executive Chairman of the AEC.

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Namibia considers incentives to expedite TotalEnergies’ offshore development

Oil & Gas 360º

(World Oil) – Namibia will offer financial incentives to help kick-start the development of oil fields managed by a group led by TotalEnergies, according to a special adviser in the presidency. TotalEnergies and Shell Plc in 2022 made the first in a series of finds off the coast of the southwest African nation.

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Baker Hughes sells PSI product line to Crane Company for $1.15 billion

Oil & Gas 360º

(World Oil) – Baker Hughes has reached an agreement to sell its Precision Sensors & Instrumentation (PSI) product line to Crane Company, a diversified manufacturer of engineered industrial products, for a total cash consideration of approximately $1.15

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Top 8 Takeaways Every Trader Should Know From EVOLVE 2025

Enverus

Reevaluate Your Benchmark—Cushing’s Relevance Is Fading There’s nothing more difficult than trying to hedge new and evolving markets using outdated instruments. Here’s what stood out: 1. Anthony Macaluso, General Index Cushing is no longer the pricing anchor it once was.

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Namibia Weighs Incentives to Kickstart TotalEnergies' Offshore Oil Plan

Rigzone

Image by Adele Heidenreich via iStock Namibia will offer financial incentives to help kick-start the development of oil fields managed by a group led by TotalEnergies SE, according to a special adviser in the presidency. OIL, GAS & ENERGY NEWS STRAIGHT TO YOUR INBOX! There’s a reason 700K+ energy professionals have subscribed.